Welcome to our dedicated page for Loews news (Ticker: L), a resource for investors and traders seeking the latest updates and insights on Loews stock.
Loews Corporation reports developments for a diversified holding company with businesses in insurance, energy, hospitality and packaging. Recurring updates cover quarterly and annual results, including contributions from CNA Financial, Boardwalk Pipelines, Loews Hotels & Co and the Corporate segment, along with business drivers such as insurance performance, natural gas transportation and storage activity, and hotel operations.
Company news also includes common-stock dividends, share repurchases, debt and capital-allocation activity, hotel portfolio development, and litigation updates related to the 2018 acquisition of minority limited partner interests in Boardwalk Pipelines.
Loews Corporation (NYSE: L) will release its fourth quarter 2022 financial results on February 6, 2023. The earnings remarks will include insights from CEO James S. Tisch and CFO Jane Wang, available on the company's website.
Shareholders are invited to submit questions for management, which may be addressed during the earnings remarks. The release and remarks will be accessible online.
Loews operates across diverse sectors including insurance, energy, hospitality, and packaging. For detailed information, visit www.loews.com.
Loews Corporation (NYSE: L) has declared its quarterly dividend of $0.0625 per share, set to be paid on December 6, 2022. Shareholders of record must hold shares by the close of business on November 23, 2022. The company operates across various sectors, including insurance, energy, hospitality, and packaging, demonstrating a diversified business model.
Loews Hotels & Co has officially opened the Loews Coral Gables Hotel in South Florida, expanding its presence in the region. Located near the iconic Miracle Mile, the hotel features 242 guestrooms, including 21 suites, and offers premier amenities like a spa, fitness center, and four restaurants. With 30,000 square feet of event space, it boasts the largest ballroom in Coral Gables. The hotel is a joint project with Agave Holdings and aims to revitalize the local business district.
Loews Hotels & Co has appointed Alex Tisch as CEO, effective January 1, 2023. Jonathan Tisch transitions to Executive Chairman while remaining Co-Chairman of Loews Corporation. Alex Tisch, who joined in 2017 and became President in 2020, has led a $2.5 billion growth strategy, focusing on key developments and strategic partnerships. Under his leadership, the company aims to enhance its position in the hospitality industry and create value for stakeholders. Notably, Loews has two new hotels set to open soon, reaffirming its commitment to expansion.
Loews Corporation (NYSE: L) announced a leadership transition, with Jonathan Tisch transitioning to Executive Chairman and Alex Tisch stepping up as President and CEO, effective January 1, 2023. Jonathan Tisch has played a pivotal role in Loews Hotels' growth and development since 1986, fostering strategic partnerships and a strong corporate culture. Alex Tisch, who has been with Loews Hotels since 2017, has been instrumental in executing the company’s strategic plan and expanding its footprint across several U.S. cities. This transition aims to ensure continued growth and operational success.
Loews Corporation reported a net income of $130 million ($0.54 per share) for Q3 2022, down from $220 million ($0.85 per share) in Q3 2021. Year-to-date net income is $648 million ($2.64 per share), compared to $1.2 billion ($4.70 per share) in 2021. Key drivers included higher underwriting income and improved performance in Loews Hotels & Co, offset by investment losses at CNA. Book value per share declined to $58.14, reflecting market challenges. Share repurchases totaled 10.5 million shares at a cost of $614 million.
Loews Corporation (NYSE: L) will announce its third quarter 2022 financial results on October 31, 2022, at 10:00 a.m. ET. CEO James S. Tisch and CFO Jane Wang will lead the conference call. Shareholders can submit questions for management prior to the call. The event will be accessible via a live webcast on Loews Corporation's website, and a replay will be available until November 22, 2022. Loews operates in diverse sectors including insurance, energy, hospitality, and packaging.
Loews Corporation (NYSE: L) has declared a quarterly dividend of $0.0625 per share on its Common Stock. This dividend will be payable on August 30, 2022, to shareholders of record by the close of business on August 17, 2022. Loews operates in diversified sectors including insurance, energy, hospitality, and packaging, reflecting its broad market interests.
Loews Corporation (NYSE:L) reported a net income of $180 million, or $0.73 per share, for Q2 2022, significantly down from $754 million, or $2.86 per share, in Q2 2021. For the first half of 2022, net income was $518 million, compared to $1.0 billion in the same period last year.
The decline was mainly due to lower net investment income and net investment losses in Q2 2022, partially offset by improved underwriting income and better results from Loews Hotels & Co. Book value per share dropped to $62.90 from $71.84 since year-end 2021.
Loews Hotels & Co has topped off its $550 million Loews Arlington Hotel and Convention Center, set to open in early 2024 with 888 rooms and 266,000 square feet of event space. The venue aims to boost Arlington's status as a premier destination for meetings and events. The hotel's signature restaurant, Soy Cowboy, will offer a pan-Asian dining experience, enhancing the culinary landscape of Arlington's Entertainment District. This development represents a significant investment in local tourism and community engagement.